Publication: Greater Transparency Needed from Nigerian Government on Extending VAT
Publication: Greater Transparency Needed from Nigerian Government on Extending VAT
The burden of Federal indirect taxes has increased frequently and under many new names and descriptions. In the course of the past two years alone, we now have fresh taxes on consumer products pursuant to the provisions of section 37 of the Finance Act, 2020 and section 17 of the Finance Act, 2021.
In this article, our Partner, Gbolahan Elias, SAN and Associate, Favour Ogini argue that on value-added tax (“VAT”), the Nigerian tax system is becoming far more complicated and less transparent than it needs to be, which is unfortunate and unnecessary, and that this trend should be reversed. The Nigerian tax system should be as simple and transparent as possible both on VAT matters and in other respects.
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In this article, our Partner, Gbolahan Elias, SAN and Associate, Favour Ogini argue that on value-added tax (“VAT”), the Nigerian tax system is becoming far more complicated and less transparent than it needs to be, which is unfortunate and unnecessary, and that this trend should be reversed. The Nigerian tax system should be as simple and transparent as possible both on VAT matters and in other respects.
Read here - https://lnkd.in/dgBSDD5b
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